Delaware Tax-Free NY A  FTNYX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Muni New York Long Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Avg Duration
   7.22 Yrs
   Avg Credit Quality
   AA
As of 2009-06-30
Day Change
$ 0.01
  
NAV (2009-11-20)
$ 10.57
  
YTD Return % (2009-11-20)
13.29%
  
Total Assets ($ mil)
34
View Data Definitions
  Performance    
Growth of $10,000 Fund: Delaware Tax-Free NY A
(from 1999-01-01 to 2009-10-31) Category: Muni New York Long
Index: BarCap Municipal TR USD
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 1987-11-06 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-20
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 13.29 12.21 3.89 4.36 5.69 6.00
+/- Category -3.50 -2.73 1.42 1.23 0.88 ---
+/- BarCap Municipal TR USD 1.15 0.54 -0.36 0.00 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 10.60 9.96 3.42 3.97 5.25 5.91
Month-End (as of 2009-10-31) 7.94 9.02 2.37 3.27 5.21 5.77
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 9.03 2.37 3.27 5.21 ---
On Distribution & Sale of Shares --- 7.32 2.59 3.38 5.14 ---
Morningstar Rating --- --- ---
# of compared funds covered (3 yrs : out of 112 funds), (5 yrs : out of 109 funds), (10 yrs : out of 94 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is 4.50%, the maximum deferred sales fee is none, and the maximum redemption sales fee is none.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
General Obligations 7.99
Advance Refunded 4.05
State Appropriated Tobacco ---
Non-state Appropriated Tobacco 3.03
Education 15.09
Health 8.41
Housing 2.21
Industrial 2.28
Transportation 10.16
Utilities 4.94
Water/Sewer ---
Misc. Revenue 41.84
Bond Quality % of Bonds
AAA 23.3
AA 33.6
A 25.5
BBB 12.3
BB 3.3
B 1.5
Below B 0.0
Not Rated 0.5
 
Asset Allocation
% of Net Assets
Cash 1.5
Stocks 0.0
Bonds 98.5
Other 0.0
Foreign Stocks 0.0
(as a % of Assets)
Data through 2009-06-30 Data through 2009-06-30
 
Holding Status
Total Number of Stock Holdings Turnover % 36
Total Number of Bond Holdings 82 30 Day SEC Yield % 3.12
% of Assets in Top 10 Holdings 20.63 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Maturity
Date		 Amount
$000		 Value
$000		 % of Net
Assets
New York City N Y Indl Dev Agy Var Rev B 2036-07-01 600 600 2.24
New York St Dorm Auth 5.5% 2033-05-01 500 571 2.13
Puerto Rico Comwlth Hwy & Tran Hwy 5.5% 2036-07-01 475 565 2.11
Puerto Rico Elec Pwr Auth 5.25% 2031-07-01 500 564 2.11
New York St Twy Auth 5% 2014-01-01 500 549 2.05
New York N Y City Transitional Future 5% 2018-11-01 500 548 2.05
New York St Dorm Auth 5% 2017-07-01 500 547 2.04
St Lawrence Cnty N Y Indl Dev Rev Bds 5% 2016-10-01 500 534 2.00
New York N Y Go Bds 5% 2019-10-01 500 523 1.95
New York St Dorm Auth 5% 2023-07-01 500 522 1.95
Data through 2009-06-30
  Other Information
Fund Inception: 1987-11-06
Portfolio Manager  (Start Date)
Joseph R. Baxter  (2003-05-22)
Baxter is a senior vice president and senior portfolio manager with Delaware Investments. Prior to joining Delaware Investments in 1999, he held investment positions with First Union.
Stephen J. Czepiel  (2007-07-16)
Czepiel is a senior vice president, senior municipal bond trader and head of municipal bond trading with Delaware Investments, his employer since July 2004. Previously, he was vice president at both Mesirow Financial and Loop Capital Markets. He began his career in the securities industry in 1982 as a municipal bond trader at Kidder Peabody and now has more than 20 years of experience in municipal securities trading.
Sales Charge %
(taken from prospectus dated 2009-09-11)
Front: 4.50
Deferred: None
Expense Ratio % 0.85
based on net assets
(taken from annual report dated 2009-08-31)
Correspondence Information
One Commerce Square
2005 Market Street
Philadelphia,  PA  19103
Telephone:
800-523-1918
215-255-1241
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.